Capitalism VS Socialism for Dummies

Abject poverty

“Socialism is not socialism.” There are different levels of socialism. At its most broad def we have had some form of socialism in this country since its founding

That somehow a competent person becomes incompetent when they start working for the govt.

I’m still not following. Please be specific.

I am playing with the English language. Why is it despite creeping socialism and communism for over a century and its permeation of American society as a whole, we are still discussing the slippery slope? Where is this slippery slope? What’s the tipping point for this country?

No, the beginning of the end was the Dutch Disease they suffered as a result of restructuring their economy around natural resources. Nationalization (which although has a lot of overlap with socialism is not exactly the same thing) is a problem, but not the root.

They don’t.

Let’s try this.

Today there are millions of businesses across thousands of industries. Each of those businesses is run by competent people who are experts in their chosen field. They are responsible to their customers, their shareholders and their employees. If they fail to perform, they disappear and their place is taken by others. If an industry isn’t viable it disappears.

That’s what free market capitalism is all about.

No central authority can possibly know everything about each and every market sector, business or industry. It is a physical impossibility. Government is responsible to no one other than itself. There is no failure in government, only inefficiency and bureaucracy.

That is why socialism can’t possibly succeed.

We will have to agree to disagree.

You’ve again lost me.

The U.S. today is a free market capitalist society. I have no idea what you are talking about with a slippery slope in the U.S.

Bill gates did not have the same opportunities that Paris Hilton had - obviously talking about when they were both young.

To say otherwise is disingenuous.

And you are wrong about socialism. That is nt at all true about it in any form.

Fair enough.

Hopefully I’ve expanded your though process.

Everyone country’s economy is on a slippery slope.

You’ve actually confirmed some of my suspicions about how the left views socialism.

Yeah, he’s already kind of admitted that.

The US today is not a free market society. What is it about SEC, FCC, EPA etc… makes you believe that US Businesses operate in a free market. Unless of course there is a subjective definition of the free market? What is a free market in your opinion.

That is exactly my point. Paris Hilton was born with a silver spoon in her mouth. Bill Gates wasn’t. Look at where they both are today.

Bill Gates is a prime example proving that you don’t have to be born with a silver spoon to be successful.

Bill Gates was born to a well to do family. Not Paris Hilton well to do, but they could afford to send him to Harvard without finical help.

What suspicion did I confirm?

Bill Gates was born to a prosperous and wealthy family.